Hedge Fund Manager Walks After Fraud Charges Dropped

Law360, New York (August 21, 2013, 7:04 PM EDT) -- The formerly incarcerated founder of New York-based asset management firm ThinkStrategy Capital Management LLC walked away a free man Wednesday, following the collapse of the U.S. Department of Justice's securities fraud case against him.

U.S. District Judge John Keenan sentenced Chetan Kapur to time served after he pled guilty to one count of failure to preserve books and records. No fine was ordered, according to Kapur's attorney Daniel Arshack of Arshack Hajek & Lehrman PLLC.

“It was an extraordinary and remarkable result in a case that...
To view the full article, register now.

Related

Sections

Case Information

Case Title

Securities and Exchange Commission v. Kapur et al


Case Number

1:11-cv-08094

Court

New York Southern

Nature of Suit

Securities/Commodities

Judge

Paul A. Engelmayer

Date Filed

November 10, 2011

Companies

Government Agencies

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.